Earnings Per Share

9 Months Ended

Sep. 29, 2024

Basic earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding during the period less restricted unvested shares. Diluted earnings per share was computed by dividing net income by the weighted-average number of common shares outstanding plus all potentially dilutive common stock equivalents, primarily shares issuable upon the exercise of stock options using the treasury stock method. The following table reconciles the number of shares utilized in the earnings per share calculations:


	Three Months Ended		Nine Months Ended
	September 29, 2024	October 1, 2023	September 29, 2024	October 1, 2023
	(In thousands)
Number of common shares—basic	122,810	123,992	123,198	125,161
Effect of dilutive securities:
Stock options	56	106	54	125
Restricted stock awards	160	105	84	49
Number of common shares—diluted	123,026	124,203	123,336	125,335
Number of potentially dilutive securities excluded from calculation due to antidilutive impact	949	750	2,979	750

Antidilutive securities include outstanding stock options with exercise prices and average unrecognized compensation cost in excess of the average fair market value of common stock for the related period. Antidilutive options were excluded from the calculation of diluted net income per share and could become dilutive in the future.